A punching machine is a machine tool for punching and embossing flat sheet-materials to produce form-features needed as mechanical element or to extend static stability of a sheet section. During linear or rotational movement, bending is made by using bending tools. A bending machine is a tool that can bend thin plates. It is very easy to operate.
Conventional machine tools refer to the processing of materials in a traditionally controlled manner, i.e. without automation. Conventional punching and bending machinery are a 2-axis machine, while a CNC lathe can be 2 - 4 axis. In conventional area, all tools are loaded and changed by hand. This is not the case with CNC machines, which provide efficient, convenient and precise production capacity. Compared with conventional methods, computer digital control has many advantages in finance and production. For example, in manual lathes, each machine must have a skilled technician, while in CNC machining, a skilled person can operate multiple machines. Therefore, many types of manufacturers in many industries have chosen the advantages of CNC machining in their manufacturing process. As a result, the market share of CNC machines has also been gradually expanding in recent years and is expected to reach a market value of $2,541.94 million by 2025.
With the development of high technology, the application fields of punching and bending machinery have become more and more extensive. From the national defense and aerospace field has been extended to the automotive, electronic, mechanical, medical, construction and other fields.
Currently, automobile, electronics and national defense and aerospace are the three most widely applied industries in the punching and bending machinery industry, occupying 24.72%, 20.82% and 17.34% of the market share, respectively. In the automotive industry, punching machines work with a series of molds to cut and shape metals into various shapes that are commonly used to make automotive parts. In 2020, the market value of the automotive industry is $676.29 million, which is the industry with the highest market value among all punching and bending machinery applications. It is expected to reach $803.36 million by 2025. In the electronics industry, punching machines are mainly used for precision forming of small structural parts. In 2020, its market value will reach $573.67 million. In the national defense and aerospace industry, it designs and produces various aircraft for the air force, navy, and army, from commercial flights to complex defense aircraft. At every stage of production, metal parts are processed and integrated by punching and bending machinery.
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Punching and Bending Machinery Industry Market Status and Prospect Analysis in Various Regions
At present, Europe, China and Japan are the largest markets in the punching and bending machinery industry, occupying 47.45%, 10.11% and 25.85% of the market share respectively.
In 2020, COVID-19 had a huge impact on the European punching and bending machinery industry. In order to prevent and control the epidemic, countries have taken measures to implement closure. The European manufacturing industry has ended its short-lived recovery and accelerated its decline again. Currently, the impact of the epidemic on the European economy will continue, increasing the instability and vulnerability of the European economic development. In 2020, its production has fallen from 14,198 sets in 2019 to 13,130 sets, reaching the lowest production since 2017.
Although China has become the second-largest economy in the world, China still lags behind in labor productivity and human capital. In addition, the growing economic tensions between the U.S. and China has increased uncertainty for business. As the second largest importer after America, this means that a potential slowdown in China economy will dampen global demand for commodities, putting downward pressure on commodity prices. As the epidemic is gradually controlled and enterprises orderly resume work and production, the suppressed demand under the epidemic will be released in a concentrated manner. Along with the expansion of production, investment, consumption and exports will gradually resume growth. In 2020, its market value will be $407.91 million and is expected to grow to $489.53 million by 2022.
Japan economy is a highly developed free market. But now it is facing significant challenges from the recession due to the outbreak, which has impacted overall capacity. And the slowdown in global demand and concerns about the supply of raw materials have caused major companies operating in Japan to temporarily close due to the epidemic. In 2020, its market share has declined to 25.77%, from 26.12% in 2017.
Punching and Bending Machinery Industry Will Recover after the Outbreak is under Control
Punching and bending machinery are applied in a wide range of industries, from office supplies to aircraft parts, and their applications are increasing every day. During these years, there are many emerging countries that are developing their industries, which has led to the increasing demand for steel manufacturing. This is one of the most important factors driving the growth of the punching and bending machinery market. The punching and bending machinery market can be expected to reach a value of $487.328 million by 2025. In addition, the India and China markets are expected to be the growing markets. Punching and bending machinery will grow at a CAGR of 4.84% from 2020 to 2025.
The growth of the punching and bending machinery is partly driven by market demand. With the growth of the global economy, the downstream application industries for punching and bending machinery are also expanding, especially the automotive industry. The expansion of downstream application industries is playing a major positive role in the further growth of the market.
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